Post Utme Ims U 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The partnership's trial balance shows a credit balance of ₦10,000 in the 'Drawings' account. What is the amount of profit to be distributed to each partner?

Answer Options

Correct Answer A. ₦6,000 to A and ₦4,000 to B
B. ₦8,000 to A and ₦2,000 to B
C. ₦10,000 to A and ₦0 to B
D. ₦0 to A and ₦10,000 to B
Correct Answer
A
Correct Option:
₦6,000 to A and ₦4,000 to B

About This Question

This is Post Utme Ims U 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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